Cannabis, CBD, Vape Products See Uptick in Sales in Thriving Legal Marijuana Markets

Wednesday, May 3, 2017 Drug News
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MarketNewsUpdates.com News Commentary

PALM BEACH, Florida, May 3, 2017 /PRNewswire/ --

As cannabis

continues to strengthen its grip on economies around the globe, industry leaders are capitalizing through product development and creating unique solutions for cannabis users when it comes to vaporizing and CBD-oil. Cannabis products appear to be poised
for a rather strong 2017 as demand continues to rise for Industry Companies such as: Ubiquitech Software Corp. (OTC: UBQU), GB Sciences, Inc. (OTC: GBLX), Medical Marijuana, Inc. (OTC: MJNA), Acology Inc. (OTC: ACOL)

Ubiquitech Software Corp.  (OTC: UBQU) announced to shareholders last week that its subsidiary HempLife Today™, an innovative and growing Company offering the finest CBD (Cannabidiol), products derived from Hemp, has had two record breaking sales weekends in a row for its CannazALL™ line of CBD products, and the Company expects this upward trend to continue. Sales of CannazALL™ CBD products saw an increase of over 50% from April 13th to April 18th, and an increase of over 55% - April 20th through the 24th.

Vapor Group, Inc ., trading on the OTC under the Symbol VPOR, announced today that the production of Easy Grinder™ has begun and that its subsidiary, Total Vapor, Inc., will begin shipping orders this month. Read this and more news for Vapor Group at: http://marketnewsupdates.com/news/vpor.html

The Company previously announced that it had delayed production until several improvements could be made to the original Easy Grinder™ design, and that all customers would receive the enhanced version at no additional cost. Due to the delay, the Company increased its inventory stocking order so that customers ordering by the end of May will have their Easy Grinder™ shipped quickly.

Dror Svorai, President of the Company, stated, "We are very excited about this improved Easy Grinder™! It's truly amazing in that it can produce a much finer ground product - wet or dry - because of its cleverly configured blades and much more powerful motor and battery. It is simple to use, manufactured to high quality standards of performance and reliability, and exceeds the capabilities of anything comparable on the market." He added, "Each week our pre-sales of Easy Grinder™ from consumers and distributors alike have escalated such that we find ourselves constantly revising upward our revenue and profit forecasts. As a result, we believe 2017 will vastly surpass any of the Company's prior years' performance."

GB Sciences, Inc.  (OTCQB: GBLX) closed up over 13% at $0.27 on Tuesday by the market close. GB Sciences and Arizona-based Kush Cups recently signed an agreement to produce cannabis-infused products in the state of Nevada. GB Sciences utilizes advanced propagation technology, raw tissue, and grows in medical-grade clean rooms, so that the venture is ensured of consistent cannabis ingredients for its infused products. "We've paired with a strong partner here. We are confident GB Sciences will distribute the Kush Cups successfully in Nevada," said Rick Chavez, founder of Kush Cups Nevada LLC

Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, yesterday announced financial results for the quarter and year ending December 31, 2016, and provided an overview of recent operational highlights. The Company continued to show strong growth throughout the year, as 2016 revenue increased quarter over quarter by 66% from Q1 to Q4 and Net Comprehensive Income increased to $171,387,975 which is 731% higher than 2015. The company had net revenue of $8,003,943 in 2016. "As the No. 7 investor in Medical Marijuana, Inc., I'm proud to say we are on course for a historic 2017," Medical Marijuana, Inc. CEO Dr. Stuart Titus said. "From groundbreaking research conducted on the Company's products in Latin America during 2016, to substantial market cap growth by the Company's major investments and the development of new proprietary molecules and IP by portfolio companies, shareholders have a lot to be excited about."

Acology Inc.  (OTC: ACOL) announced this week that they have entered negotiations to purchase EZ Health Solutions. The purpose of the acquisition is to create a new division in the company that will move strongly into the CBD extract industry. Industry experts predict that associated hemp and CBD extract sales will top $1.8B by 2020 with CBD-associated products experiencing a yearly 53% AGR. Acology management intends to quickly add this new division to the company, joining their pharmaceutical container, hydroponics, printing and advertising divisions.

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